Only JPM and Citi are long-term short in gold, trading for Fed, Maguire tells LFTV
Submitted by admin on Fri, 2025-07-04 17:41 Section: Daily Dispatches5:40p ET Friday, July 4, 2025
Dear Friend of GATA and Gold:
JPMorganChase and Citibank and the only two bullion banks with long-term short exposure in the gold market and are trading for the Federal Reserve, London metals trader Andrew Maguire tells the TF Metals Report's Craig Hemke on this week's edition of Kinesis Money's "Live from the Vault" program.
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Alasdair Macleod: First half 2025 analysis of the precious metals
Submitted by admin on Fri, 2025-07-04 16:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 4, 2025
It’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding yes.
In quiet trading during a week foreshortened by U.S. Independence Day, gold has held up well, while silver has been squeezed higher. In European trading this morning, gold was $3,340, up $65 from last Friday's close, and silver at $36.80 was up 86 cents.
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Stuart Englert: The incremental steps toward sound money
Submitted by admin on Fri, 2025-07-04 12:49 Section: Daily DispatchesBy Stuart Englert
stuartenglert.substack.com
Friday, July 4, 2025
If you want a pocketbook example of how far the United States has strayed from the supreme law of the land, look no further than the nation's money.
Today's dollar is nothing like it was intended when the U.S. Constitution was written and ratified nearly 240 years ago.
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Hong Kong investors triple gold holdings in rush to haven asset, HSBC survey finds
Submitted by admin on Fri, 2025-07-04 12:21 Section: Daily DispatchesBy Cao Li
South China Morning Post, Hong Kong
Thursday, July 3, 2025
Affluent investors in Hong Kong have nearly tripled their allocation to gold amid economic and geopolitical uncertainties, according to an HSBC survey.
Individual investors in the city with US$100,000 to US$2 million in investible assets had allocated 11% of their portfolios to gold and other precious metals, up from 4% a year ago, according to the survey, published Thursday.
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EPA settlement with Northern Dynasty could be turning point for U.S. critical minerals security
Submitted by admin on Fri, 2025-07-04 12:07 Section: Daily DispatchesBy Harrison Brooks
AInvest, New York
Friday, July 4, 2025
The U.S. federal government's push to secure domestic supplies of critical minerals like copper and rhenium has reached a pivotal moment. Northern Dynasty Minerals, the company behind the controversial Pebble Project in Alaska, is now in advanced negotiations with the Environmental Protection Agency to resolve a 2023 veto of the mine.
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Gold-backed ZiG climbs most this year as Zimbabwe reserves surge
Submitted by admin on Fri, 2025-07-04 11:52 Section: Daily DispatchesBy Ray Ndlovu
Bloomberg News
Friday, July 4, 2025
Zimbabwe's gold-backed ZiG posted its best single-day gain against the dollar this year, boosted by surging bullion output and improved foreign currency reserves.
The currency strengthened 0.2% today to trade at 26.89 against the dollar, according to data posted on the central bank’s website. That is only its 12th day of appreciation against the U.S. currency this year.
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